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neoclassical growth model. The principal idea is that greater fractionalization, proxying for the degree of conflict in society …
Persistent link: https://www.econbiz.de/10005769221
This paper analyses the fiscal effects of armed conflict and terrorism on low- and middle-income countries. An analysis … estimates are consistent with the hypothesis that conflict and terrorism have a significant negative impact on growth through … conflict and terrorism. …
Persistent link: https://www.econbiz.de/10005769118
We investigate the complex interactions between credit constraints, political instability, and capital accumulation using a novel approach based on Kiyotaki and Moore’s (1997) theoretical framework. Drawing on a unique firm-level data set from Middle-East and North Africa (MENA),...
Persistent link: https://www.econbiz.de/10011142025
conflict cycle has probably declined. The stance of macroeconomic policy was an important factor while the underlying "conflict … provide support during conflict, but more inclined after conflict. These findings are buttressed by the post-conflict … findings have implications for policy and aid priorities after conflict. …
Persistent link: https://www.econbiz.de/10005263699
conflicts in contiguous states, on international trade. Our empirical findings-based on different measures of conflict … constructed using alternate definitions of contiguity and conflict-reveal a significant collateral damage in terms of foregone … trade as a result of spillovers from conflict in neighboring countries. The magnitude of this negative externality is …
Persistent link: https://www.econbiz.de/10008561086
This paper provides empirical evidence that the propensity for political instability in the Central African Republic (C.A.R.) has been increased by low tax revenues and deteriorations in the terms of trade. The direct effect of political instability on economic growth is not statistically...
Persistent link: https://www.econbiz.de/10005826324
redistribution and conflict. We support our argument documenting that there is a significant effect of oil rents on corruption in …
Persistent link: https://www.econbiz.de/10008497600
their policy constraints amidst a protracted period of civil conflict and political instability. High intermediation costs … constraints to achieving higher growth include the civil conflict, political instability, high fiscal deficits and inflation, and …
Persistent link: https://www.econbiz.de/10005591666
social conflict for 30 sub-Saharan African countries using panel data techniques. Our results show that changes in the terms … of trade are the most important correlate of economic performance in post-conflict environments. This variable is … significant effect. The results suggest that exogenous factors ("luck") are an important factor in post-conflict recovery. They …
Persistent link: https://www.econbiz.de/10009151208
This paper provides a broad empirical analysis of the determinants of post-conflict economic transitions across the … risk of conflict recurrence as an explanatory variable in the growth regression, because post-conflict countries have a … tendency to relapse into subsequent conflicts even years after the cessation of violence. The empirical results show that …
Persistent link: https://www.econbiz.de/10011242246